Eicher Motors and Volvo Group form financial services joint venture
pre-market1 source ↓written by the desknot a recommendation
- to provide financing
- 50:50 joint venture
- to acquire
- ₹750 cr
- in Volvo Financial
- 50% stake
Eicher Motors Limited and Volvo Group announced a 50:50 joint venture to provide financing and leasing solutions in India’s commercial vehicle sector. Eicher Motors will invest up to ₹750 cr to acquire a 50% stake in Volvo Financial Services India. This venture aims to enhance their long-standing partnership and expand into vehicle financing.
Not investment advice. For informational purposes only.